Yahoo Finance's Brian Sozzi discusses what American Express CEO Stephen Squeri had to say about the credit card company's largest shareholder, Berkshire Hathaway's Warren Buffett.

Video Transcript

BRIAN SOZZI: All right, let's do a little quote of the day to kick off this week. Warren Buffett's Berkshire Hathaway has long been the top shareholder in American Express. The Oracle of Omaha owns about 20.3% of the credit-card giant.

Here's what AmEx CEO Stephen Squeri recently told me about Buffett. Quote, "It's sort of like a 'Good Housekeeping' seal of approval. Warren and Berkshire are iconic investors, and to have-- to have him speak about the brand and speak about the company and to speak about the direction that we're going so enthusiastically is important."